Anglo Pacific Group , the natural resources royalties company, announced preliminary results for the year ended 31 December 2007 today. Financial Highlights included realised profits up 92% to £25.6 million, earnings per share up 50% to 28.72 pence and total cash nearly doubled to £18.9 million. Anglo Pacific added that the final dividend would be increased by 16% to 4.35 pence per share.
Peter Boycott, Chairman of Anglo Pacific Group PLC said:
"2007 has been another record year for Anglo Pacific Group. Buoyant royalty receipts together with increased profits from disposal of non-core mining interests have once again enabled the Group to pay record dividends to shareholders. During the year, the Group has acquired new royalty packages as well as substantially increasing its strategic investments and cash position. The Group's strategy remains to develop new royalty flows from its mining interests and to maximise shareholder value. The Board hopes to take advantage of recent market setbacks to increase its exposure to gold, uranium and the coal energy sector in furtherance of this strategy."
Shares in Anglo Pacific rose almost 3% on the update.